First City Monument Bank (FCMB) Ltd is a full service banking group with the vision ‘to be the premier financial services group of African origin’. One of the leading financial services institutions in Nigeria, with subsidiaries that are market leaders in their respective segments. These are FCMB Capital Markets Limited, CSL Stockbrokers Limited (including its subsidiaries First City Asset Management Ltd and CSL Trustees Ltd) and FCMB Limited (the bank) and its subsidiaries – Credit Direct Limited and FCMB (UK) Limited.
The entity from which the bank was founded City Securities Limited, was established in 1977. First City Monument Bank Ltd. was incorporated as a private limited liability company on in 1982 and granted a banking license in August 1983.
It was the first bank to be established in Nigeria without government or foreign support. In 2004, FCMB changed its status from a private limited liability company to a public limited liability company and was listed on the Nigerian Stock Exchange (NSE) by introduction by December of same year.
FCMB further expand its operational base in 2012 when It acquired 100% shareholding of the then undercapitalized Finbank and later integrated it with the FCMB bank.
At the centre of its businesses lies a talented workforce that drives a comprehensive bouquet of financial services including micro-lending, asset management, stockbroking, trusteeship and custodial services, foreign exchange, personal banking, corporate and commercial banking, investment banking (including financial advisory, debt and equity capital markets, project and structured finance transactions) and transaction banking products delivering cash management, trade and liquidity management solutions to corporate, commercial, public sector, financial institutions and small and medium scale enterprises (SMEs).
As at December 2013, FCMB had 2 million customers, N1 trillion in assets, over 270 branches in Nigeria and a licensed banking subsidiary in the United Kingdom (FCMB UK) and a representative office in South Africa.
FCMB is one of only a few banks in Nigeria with the Global Credit Ratings, GCR as at September 2013, Long term rating: BBB+(NG), Short term rating: A2(NG), Rating outlook: Stable ..
The Bank emerged the winner of the most customer friendly bank of the year award at the BusinessDay Bankers Award 2015.
‘Having successfully transformed to a retail and commercial banking-led group, the Bank expects to continue to distinguish itself by delivering exceptional service and taking its unique brand of supportive banking to every household in Nigeria’
